Mergers & Acquisitions Mergers & Acquisitions

CADE Superintendence recommends White Martins-Petrobras gas-distribution deal be approved with structural remedies

By Caio Rinaldi
  • 20 Apr 2021 10:39
  • 20 Apr 2021 10:39
The Superintendence of the Brazilian competition authority recommended that the acquisition of Petrobras’ stake in GásLocal by White Martins be approved conditioned on structural remedies. GásLocal is a liquefied natural gas (LNG) distribution company controlled by Petrobras (40 percent) and White Martins (60 percent).

Petrobras, White Martins and GásLocal are part of a

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